"IT IS NOT THE STRONGEST OF THE SPECIES, NOR THE MOST INTELLIGENT THAT SURVIVES, BUT ONE THAT IS MOST ADAPTABLE TO CHANGES"........ CHARLES DARWIN
FIIs were net buyers with the tune of ` 222.03 crore (prov. cash market fig.)
The BSE Sensex was up 221.46 points or 1.23% to 18,266.10, its highest closing level since 20 May 2011. The Sensex jumped 254 points at the day's high of 18,298.64 in mid-afternoon trade. The index rose 42.52 points at the day's low of 18,087.16 in early trade. The S&P CNX Nifty was up 63.75 points or 1.18% to 5,476.10, its highest closing level since 20 May 2011. The Nifty hit a high of 5,485.80 in intraday trade. The BSE Mid-Cap index rose 1.48% and outperformed the Sensex and the BSE Small-Cap index gained 0.89% and underperformed the Sensex.
The market breadth was strong. On BSE, 1716 shares advanced while 1085 shares declined. A total of 130 shares remained unchanged. Among the 30-member Sensex pack, 23 stocks advanced while rest of them declined.
BSE clocked turnover of ` 2564 crore, lower than ` 2679.76 crore on Thursday, 26 May 2011.
MAJOR RESULTS OF THE DAY: ONGC, GMDC, INDIACEM, EDUCOMP, M&M, RCOMM, IOC, BPCL, NATIONALALUM, NATCOPHARMA, RAJESHEXPO, BERGERPAINT, DBREALTY, APTECH, DAAWAT, ABGSHIP, DREDGCORP, COX&KING, PUNJLLOYD ETC.
FOR TODAY: EU as well US markets closed with gains on Friday. Asian markets are trading mixed but on positive bias. SGX Nifty is trading around 5475 (at 8.30 am), 3 points up.
TODAY NIFTY MAY OPEN FLAT TO POSITIVE. WATCH 5490-5500 AND 5524 LEVEL. ABOVE THIS, WE WILL HEAD TOWARDS 5550. ON THE DOWNSIDE, BELOW 5461, WE MAY SEE AGAIN 5431, 5400 AND 5378 IN THIS WEEK.
AS PER OI DATA, NIFTY WILL TRADE BETWEEN 5300-5600 (AS OF NOW). BREAKING ANY SIDE, WILL DECIDE THE RANGE THEREAFTER.
